Eagle Ford Operators Put Rigs Back Online
The Eagle Ford Shale rig count increased by two this week, with our data showing 44 rigs running across our coverage area by midday Friday.
In recent Eagle Ford news, operators and mineral owners in Texas are looking to the 2017 legislative session to bring clarity over allocation wells.
Read more: Texas Mineral Owners & Operators Headed for a Showdown?
A total of 567 oil and gas rigs were running across the United States this week, a gain of zero over last week. 115 rigs targeted natural gas (two less than the previous week) and 452 were targeting oil in the U.S. (two more than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 268 of the rigs active in the U.S. were running in Texas.
Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. The rig count published on EagleFordShale.com includes a 30 county area impacted by Eagle Ford development. A full list of the counties included can be found in the table below.
Eagle Ford Oil & Gas Rigs
Eight rigs in the Eagle Ford region targeted natural gas this week with the commodity dropping to $2.62/mmbtu.
36 Eagle Ford rigs were targeting oil with WTI oil prices dipping to $43.46 .
A total of 40 rigs are drilling horizontal wells, zero are drilling directional wells and four are vertical.
LaSalle County leads production this week with 10 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.
Eagle Ford Shale Drilling by County
Eagle Ford Shale News
Carizzo Spends Big in the Eagle Ford
Noble Energy Adds Eagle Ford Rig
Sanchez Reports Excellent Quarter
Texas Mineral Owners & Operators Headed for a Showdown?
What is the Rig Count?
The Eagle Ford Shale Rig Count is an index of the total number of oil & gas drilling rigs running across a 30 county area in South Texas. The South Texas rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Eagle Ford formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count.
Read more at bakerhughes.com